TLSI is a premier, full service supplier of mixed-signal custom ASIC's and Application Specific Standard Products (ASSP's) for the wireless, telecommunications, automotive, consumer, security, medical, industrial and military aerospace marketplaces. TLSI is a fabless semiconductor company and is a wholly owned subsidiary of Telephonics Corporation, which is a division of Griffon Corporation. Griffon Corporation (NYSE-GFF) is a diversified corporation with a total annual sales exceeding $1.2B.